OCK Group Bhd (XKLS:0172) Momentum Rank : 6 (As of Apr. 28, 2024)

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What is OCK Group Bhd Momentum Rank?

OCK Group Bhd has the Momentum Rank of 6.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of OCK Group Bhd's Momentum Rank

For the Telecom Services subindustry, OCK Group Bhd's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

OCK Group Bhd's Momentum Rank Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, OCK Group Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where OCK Group Bhd's Momentum Rank falls into.

OCK Group Bhd Momentum Rank Related Terms

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OCK Group Bhd (XKLS:0172) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » OCK Group Bhd (XKLS:0172) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, Jalan Jurunilai U1/20, Seksyen U1, Hicom Glenmarie Industrial Park, Shah Alam, SGR, MYS, 40150

Website

https://www.ock.com.my

OCK Group Bhd provides telecommunications network services. The company is engaged in the provision of telecommunication services equipped with the ability to provide full turnkey services. The company operates in segments namely Telecommunication Network Services, Green Energy & Power Solutions, Trading, Mechanical & Electrical Engineering Services, and Investment Holding. The majority of the revenue is generated from the Telecommunication Network Services. The company also trades in telecommunication hardware and installation of materials such as antennas, feeder cables, and connectors. The company operates in Malaysia, China, Myanmar, Indonesia, Singapore, and Vietnam, out of which Malaysia accounts for the majority revenue.

OCK Group Bhd (XKLS:0172) Headlines

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